Consensus Mechanisms Flashcards
PoW – how is consensus leader chosen?
First miner to hash a block header below target difficulty wins.
PoW – biggest downside?
High energy consumption and pooling → potential 51 % centralisation.
PoS – how is block proposer selected?
Pseudo‑random selection weighted by each validator’s staked coins.
PoS – main security incentive?
Misbehaving validator’s stake can be slashed (burned).
DPoS – core mechanism?
Token holders elect a small set of delegates who alternate block production.
PBFT – fault tolerance rule?
Consensus holds if <33 % of nodes are faulty/malicious.
FBA (e.g., Stellar) – unique feature?
Nodes rely on overlapping quorum slices, not the whole network, for agreement.
PoW vs PoS – resource expended?
PoW burns electricity; PoS locks capital.
Typical confirmation time: PoW vs PoS?
PoW uses probabilistic ~1 hour (6 blocks); PoS can finalise in minutes (checkpoint).
Name two PoS‑specific attack vectors.
Nothing‑at‑stake; Long‑range attack.